Tobacco

Portfolio 21 does not invest in companies involved exclusively in the tobacco industry, or in diversified companies that derive more than a small percentage of revenues from the production of tobacco. According to the World Health Organization, tobacco kills up to half of its users and consumption of tobacco products is increasing on a global basis, particularly in low and middle income countries. Cigarette smoke contains a complex mixture of over 4000 chemicals, over 60 known to cause cancer. These chemicals are produced by the burning of tobacco and its additives. Many tobacco companies purchase their tobacco leaves from large suppliers located in emerging markets where labor, safety, and environmental regulations are rarely enforced. The lack of regulations, combined with the labor and resource intensity of this crop, exposes farm workers to pesticide and nicotine poisoning while creating biodiversity and land pollution concerns.

The summary prospectus and statutory prospectus contain more complete information including risks, fees and expenses related to an ongoing investment in the Fund. Read carefully before you invest or send money. You may also obtain a hard copy of the statutory prospectus and/or summary prospectus by calling 877-351-4115.

Mutual fund investing involves risk. Principal loss is possible. The Fund invests in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. These risks are greater for investments in emerging markets. The fund invests in smaller and medium sized companies, which involve additional risks such as limited liquidity and greater volatility. Portfolio 21’s environmental policy could cause it to make or avoid investments that could result in the portfolio underperforming similar funds that do not have an environmental policy. There are no assurances that the fund will achieve its objective and/or strategy.

Diversification does not assure a profit or protect against a loss in a declining market

Portfolio 21 is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of Portfolio 21 in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Current and future portfolio holdings and sector allocations are subject to change at any time and are not recommendations to buy or sell any security. View complete fund holdings. Opinions expressed as those of the fund, are subject to change, are not guaranteed and should not be considered investment advice.